VinFast to soon begin construction of US$500M EV factory in India

SINGAPORE: The private members' club 1880 announced its permanent closure and entry into liquidation due to declining member spending and unsuccessful investment negotiations. Founded in 2017, the club's abrupt shutdown follows the earlier liquidation of its Hong Kong branch, highlighting financial struggles and a failure to sustain operations despite prior expansion ambitions. Need More Context? 🔎

In a recent episode of "Money Talks," Khoon Goh, head of Asia research for ANZ, discusses the implications of currency exchange rates, particularly when the US dollar weakens against the Singapore dollar. He highlights the opportunity costs of converting currencies and the importance of timing, suggesting that travelers should consider favorable rates while acknowledging the potential for better rates in the future. Need More Context? 🔎

Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FAST FASTSINGAPORE: Acting Transport Minister Jeffrey Siow emphasized the need for collaboration beyond fines to ensure public transport reliability, highlighted by a recent S$3 million fine on SMRT. He noted improvements in rail reliability and stressed the importance of resilient transport networks, including the role of alternative...

A preschool teacher, Saiidah Kamarudin, 34, pleaded guilty to ill treating a 20-month-old girl, resulting in injuries after she deliberately tripped the toddler twice, causing her to bleed and bruise. Captured on CCTV, the incident led to police involvement and potential sentencing of up to eight years in prison for Saiidah, with the next court date set for July 28. More Context

A police officer in Singapore, Station Inspector Poo Tze Chiang, has been sentenced to an additional 34 months in prison for corruption, bringing his total sentence to over 10 years. Convicted of accepting bribes to shield individuals from police action, Poo's latest charges involved accepting S$36,000 from a co-accused linked to immigration offenses. More Context

A 42-year-old man sustained a gunshot wound while cycling in a forested area near a live-firing activity by the Singapore Armed Forces (SAF) on June 15. The injury, which was not life-threatening, occurred when he was cycling in a restricted area, and the SAF has suspended live-firing activities at the site while investigations are ongoing. More Context